NAMFX vs. BRW
NAMFX (Virtus Newfleet Multi-Sector Intermediate Bond Fund) and BRW (Saba Capital Income & Opportunities Fund) are both Multisector Bonds funds. Over the past 5 years, NAMFX returned 2.14%/yr vs 7.19%/yr for BRW. Their 0.21 correlation means their historical movements had little consistent relationship. NAMFX charges 1.00%/yr vs 1.71%/yr for BRW.
Performance
NAMFX vs. BRW - Performance Comparison
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Returns By Period
In the year-to-date period, NAMFX achieves a 0.81% return, which is significantly lower than BRW's 3.06% return.
NAMFX
- 1D
- 0.00%
- 1M
- -0.98%
- 6M
- 0.16%
- YTD
- 0.81%
- 1Y
- 3.98%
- 3Y*
- 5.66%
- 5Y*
- 2.14%
- 10Y*
- 3.34%
- ALL TIME*
- 6.28%
BRW
- 1D
- -1.64%
- 1M
- 0.67%
- 6M
- 5.41%
- YTD
- 3.06%
- 1Y
- -8.59%
- 3Y*
- 8.57%
- 5Y*
- 7.19%
- 10Y*
- —
- ALL TIME*
- 7.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.26M | $1.37M | $1.47M | |
| $0.00 | $0.00 | $0.00 |
NAMFX vs. BRW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NAMFX Virtus Newfleet Multi-Sector Intermediate Bond Fund | 0.81% | 7.83% | 4.55% | 8.35% | -9.55% | 1.37% |
BRW Saba Capital Income & Opportunities Fund | 3.06% | 5.89% | 12.16% | 18.49% | -4.64% | 3.19% |
Correlation
The correlation between NAMFX and BRW is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.21 |
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Return for Risk
NAMFX vs. BRW — Risk / Return Rank
NAMFX
BRW
NAMFX vs. BRW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet Multi-Sector Intermediate Bond Fund (NAMFX) and Saba Capital Income & Opportunities Fund (BRW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NAMFX | BRW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.90 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | -0.48 | +2.36 |
| Martin ratioReturn relative to average drawdown | 7.87 | -0.80 | +8.67 |
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Drawdowns
NAMFX vs. BRW - Drawdown Comparison
The maximum NAMFX drawdown since its inception was -26.56%, which is greater than BRW's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for NAMFX and BRW.
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Drawdown Indicators
| NAMFX | BRW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.56% | -17.74% | -8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -17.74% | +15.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.34% | -17.74% | +14.40% |
Max Drawdown (5Y)Largest decline over 5 years | -13.48% | -17.74% | +4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -17.16% | — | — |
Current DrawdownCurrent decline from peak | -1.08% | -9.19% | +8.11% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -4.10% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 10.60% | -9.99% |
Volatility
NAMFX vs. BRW - Volatility Comparison
The current volatility for Virtus Newfleet Multi-Sector Intermediate Bond Fund (NAMFX) is 0.58%, while Saba Capital Income & Opportunities Fund (BRW) has a volatility of 4.03%. This indicates that NAMFX experiences smaller price fluctuations and is considered to be less risky than BRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAMFX | BRW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 4.03% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 8.85% | -6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 13.66% | -10.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.80% | 13.01% | -9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.99% | 12.90% | -8.91% |
NAMFX vs. BRW - Expense Ratio Comparison
NAMFX has a 1.00% expense ratio, which is lower than BRW's 1.71% expense ratio.
Dividends
NAMFX vs. BRW - Dividend Comparison
NAMFX's dividend yield for the trailing twelve months is around 4.83%, less than BRW's 15.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRW Saba Capital Income & Opportunities Fund | 15.41% | 14.46% | 12.27% | 16.02% | 13.82% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NAMFX Virtus Newfleet Multi-Sector Intermediate Bond Fund | 4.83% | 5.51% | 5.11% | 4.57% | 4.49% | 2.93% | 3.53% | 4.10% | 4.54% | 4.30% | 4.23% | 4.71% |
Frequently Asked Questions
NAMFX and BRW have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BRW has higher volatility (4.03%) compared to NAMFX (0.58%). In terms of maximum drawdown, NAMFX dropped -26.56% vs BRW's -17.74%.
NAMFX currently has the higher Sharpe Ratio (1.56 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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